Korean Tax Blog

Signing up for Hometax is essential for year-end tax settlement, various declarations, issuance of electronic tax invoices, issuance of...

2022 tax revision plan was passed on Dec. 23, 2022, strengthening incentives to induce the influx of outstanding foreign talent...

Labor Laws that must be followed in businesses with less than 5 employees Conquer the professional knowledge you need to know when...

In a lot of workplaces, especially those operated by small businesses, an employee can’t appeal for "unfair dismissal"; at the labour...

Limited approval (Limited Recognition, Qualified approval) means an expression of intent by an heir who approves inheritance on the...

In the case of U.S. citizens with Korean parents, it may be confusing how to proceed with the inheritance process when their parents pass...

Concept of inheritance - Inheritance refers to the succession of blanket rights and duties pertaining to the property of the inheritor to...

Expat heirs need a Korean ID(13 digits) for the estate registration in Korea. So your agency can apply this number at the immigration...

Foreign investors need to apply for an "Approval of FDI" to the MoE through a bank(Exchange transaction) from the beginning according to...

How many directors needed for the LLC? For an LLC, need a Director according to the Commercial law Article 561, with the following...